corporate-profits
InvestingShell Reports Drop in Profit to $9.45 Billion, Hikes Dividend
TradingShell Helps Prop up FTSE 100
BusinessSainsbury’s Tipped to Trim Profit Forecast as UK Shoppers Struggle
BusinessDutch Telecom Kpn Sees Small Rise in 2023 Earnings Amid Inflation
Reckitt Flags Pressure on Consumers as Volumes Decline
Date: October 26, 2022
By Richa Naidu LONDON (Reuters) -Reckitt Benckiser, maker of Dettol cleaning products and Durex condoms, on Wednesday reported a decline in sales volumes in the third quarter and warned of pressure on consumers globally. Reckitt and other consumer goods companies, from Procter & Gamble to Nestle, are hiking prices this year, enabling them to partially...
Santander’s Higher Provisions and Costs Overshadow Q3 Beat
Date: October 26, 2022
By Jesús Aguado MADRID (Reuters) – Higher loan loss provisions in some of Santander’s key markets, such as Brazil and the United States, and a rise in costs overshadowed better than expected third-quarter earnings at the Spanish bank, knocking its shares on Wednesday. Strong profitability in the Americas still helped the bank, the euro zone’s...
Puma Confirms Full-Year Outlook, Flags Market Volatility
Date: October 26, 2022
By Alexander Hübner and Joice Alves BERLIN/LONDON (Reuters) – Shares in Puma fell 1.75% on Wednesday after the company confirmed its full-year guidance but flagged uncertainty in the global market. The German sportswear maker reiterated its full-year operating result and sales outlook, after what it said was the best third quarter in its history. “We...
Xerox Shares Slide as Annual Revenue, Cash Flow Forecasts Take a Hit
Date: October 26, 2022
(Reuters) – Xerox Holdings Inc’s shares plunged about 25% to 13-year lows on Tuesday after the photocopy maker slashed its annual revenue and cash flow forecasts, blaming a stronger dollar and a slower-than-expected recovery in global supply chains. The hybrid work environment has amplified the pressures on the company already struggling with firms and consumers...
Coca-Cola Lifts Forecasts as Demand Keeps Pace With Pricier Sodas
Date: October 25, 2022
By Uday Sampath Kumar and Granth Vanaik (Reuters) -Coca-Cola Co on Tuesday joined rival PepsiCo Inc in raising annual forecasts as the two top sugary soda makers benefit from multiple price increases that have so far failed to take the fizz out of demand. Shares of Coca-Cola rose 2.3% after the soda giant also beat...
Roche Sales Decline More Than Expected as Covid Products Slide
Date: October 18, 2022
By Ludwig Burger (Reuters) -Roche’s quarterly sales declined 6% as a slump in COVID-19 treatments and diagnostic testing outweighed gains from haemophilia treatment Hemlibra and multiple sclerosis drug Ocrevus. Third-quarter revenue slipped to 14.74 billion Swiss francs ($14.84 billion), below market expectations of about 15.5 billion francs. “The third quarter of 2022 was particularly challenging...